Business Studies, asked by aavishsidanaas, 2 months ago

What is meaning of Indemnification?

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Answered by swarnabha90

Answer:

Indemnity is defined by Black's Law Dictionary as “a duty to make good any loss, damage, or liability incurred by another.” Indemnity has a general meaning of holding one harmless; that is to say, that one party holds the other harmless for some loss or damage.

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